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By Hideyuki Sano TOKYO (Reuters) - Asian stocks hit a seven-week high on Wednesday as a pick up in oil prices boosted resource shares and emerging economy currencies, with sentiment also helped by South Korea's Samsung Electronics issuing better than expected profit guidance. MSCI's broadest index of Asia-Pacific shares outside Japan gained 1.6 percent, to reach its highest level since Aug. 20. Samsung Electronics' led the gains, surging 8.7 percent.
BRUSSELS (Reuters) - Anheuser-Busch InBev , the world's largest brewer, on Wednesday increased its bid for its largest rival SABMiller to 42.15 pounds per share in cash, valuing the company at nearly 68 billion pounds ($103.63 billion).
SEOUL, South Korea (AP) — Samsung Electronics announced a forecast-beating profit for the third quarter Wednesday, sending its share price up nearly 9 percent, but analysts said strong component sales and favorable currency exchange rates masked persistent weakness in its smartphone business.